europefx Key Takeaways: 💸 The Japanese yen weakened against its peers due to a dovish outlook from the Bank of Japan. 📉 USDJPY pair surged to its highest level since mid-November. 🌐 EURJPY pair surged to levels last seen during the 2008 global financial crisis. 💼 US interest rates remained a significant driver of the yen. … Read more
Key Takeaways 💰 Japanese yen weakened against peers after BOJ maintained dovish outlook 📉 USDJPY surged to highest level since November, above 151 to the dollar 🌍 EURJPY rose to levels last seen during the 2008 global financial crisis 💹 Yen losses exacerbated by anticipation of a more hawkish tone from the Federal Reserve 💱 … Read more
Key Takeaways: 💴 The yen tumbled to a four-month low after the Bank of Japan’s decision to end negative interest rates 💵 The dollar strengthened ahead of the Federal Reserve’s latest outlook for rates 🎥 Top Videos 📊 All Mutual Funds available 📉 Bitcoin fell after reaching record highs due to profit-taking 🇺🇸 The U.S. … Read more
Key Takeaways 💴 The Japanese yen fell after the Bank of Japan ended its negative interest rate policy 💵 The dollar strengthened ahead of the Federal Reserve decision on rates 🔒 The BOJ will guide the overnight call rate in a range of 0 to 0.1% 🇺🇸 Interest rate differentials between Japan and the U.S. … Read more
Key Takeaways 💵 The U.S. dollar gained in European trade ahead of the Federal Reserve meeting. 📉 Japanese yen weakened despite BOJ raising interest rates. 📈 Fed meeting will be monitored for clues on rate cuts. 💱 SNB sold a significant amount of foreign currency in an attempt to combat inflation. 🗓 ECB expected to … Read more
Key Takeaways: 💰 Swiss National Bank sold forex worth $149.51 billion in 2023 📈 Significant increase in foreign currency sales compared to 2022 🛡️ Strategy focused on supporting the Swiss franc as a defense against imported inflation ⚖️ SNB’s foreign currency sales prevented weakening of the Swiss franc 📆 SNB no longer focusing on foreign … Read more
Key Takeaways: 💥 AI-focused crypto tokens have seen a significant rise, outpacing even bitcoin 📈 Market value of AI tokens has grown from $2.7 billion to $26.4 billion in a year 🚀 AI tokens are up between 145% and 297% in the past 30 days 💡 Industry predictions suggest more growth potential in merging AI … Read more
Key Takeaways: 💹 Asian stocks rally ahead of central bank 💰 Currencies weaken in anticipation of central bank actions 📉 Yen weakens after BOJ stimulus exit 🇦🇺 Australian business leaders to meet Chinese foreign minister 🏦 Bank of Japan ends negative interest rates 🔒 Australian RBA holds rates but waters down tightening bias 📈 Metro … Read more
Key Takeaways: 💵 Dollar edged higher on Monday as central bank meetings approach 🏦 Bank of Japan may end negative interest rates 🇺🇸 U.S. economy performing better than expected 📊 Market expecting less rate cuts from the Federal Reserve 📈 Yield on 10-year Treasury notes at a three-week high 💱 Focus on Wednesday’s Fed meeting … Read more
Key Takeaways: 💵 The dollar strengthened ahead of central bank meetings in Japan and the U.S. 🌐 Other central banks on the agenda this week include those in Britain, Australia, Norway, Switzerland, Mexico, Taiwan, Brazil, and Indonesia. 📈 Markets have reduced expectations for aggressive Fed rate cuts, with less than three cuts anticipated in 2024. … Read more